When you're first starting in your career, it's a decent place to work. You typically have the responsibilities of 5 people, so you learn a lot quickly. It's also fun when you're young, because you're surrounded by people your own age. In fact, during my interview my eventual boss told me, "where other places might pay you more, we have people you want to have fun with." People are great, but I don't need my job to pay me in friends. If I'm going to do the jobs of 5 producers as a PA, I'd rather have more money. By the way, that guy definitely makes $500K. In the end, I made a lot of great friends there and learned a bit. If you're in TV and work in NYC there's a high possibility you'll work here at some point so try to make the most of it. The people you meet there will most likely be a big part of the NYC production scene for years to come, so take it seriously and don't be too much of a dummy with your coworkers/friends at Spring Break. Learn from these people as much as you can, because although they might be underpaid they're super talented.

Cons

It's easy to get stuck there getting paid very little. This didn't happen to me, but I saw it happen to a number of my friends. Like most companies, if you stay, they can give you tops a 12% raise every year. I saw very talented producers stay there for years for the "steady pay" only to realize they could have been off making more money, getting better experience, and actually enjoying their jobs somewhere else. Plus, if you stay, you'll most likely get axed during their "reorganizational layoffs." They love getting "new blood," but what that really means is younger people who get excited by the idea of getting paid in friends. My real advice: don't work in TV it's dumb.

Cool perks such as awesome parties and opportunities to travel, see concerts, shows, and other various cultural events. Easy to work for, and gives young people a chance to break into the industry.

Cons

Almost everybody is "perma-lance", meaning freelance but comes to work for at least 40 hours a week, just no benefits or vacation time. Does not usually pay industry standard to most of its employees until they've worked there for at least a few years.